Since the war between Da Mao and Ermao, US imperialism has frozen Russian assets in the United States and Europe in order to sanction Russia. In addition, the US imperialists have continued to increase their weight, imposing 2,778 sanctions to block every economic channel of Russia. However, the original intention of the US imperialist sanctions was to weaken Russia's economic power, but this move provoked the opposite effect, allowing Russia to find a way out of its predicament.
Due to the sanctions imposed by the US imperialists, Russia is unable to use the international financial system SWIFT for cross-border settlements, which has brought huge obstacles to Russia's international economic activities. However, it was in this situation that the great powers of the East intervened in a completely new way into Russia's economic system, helping it to circumvent the effects of US imperialist sanctions.
As the official currency of a large eastern country, the renminbi has a wide degree of recognition and internationalization in the international economic arena. In the context of US imperialist sanctions, the yuan has become an important alternative settlement method for Russia. By using the renminbi for settlements, Russia was able to circumvent the restrictions of US imperialist sanctions and reopen the door to international transactions.
The renminbi is not only an international currency, but also a widely accepted means of global payment. In the face of the sanctions dilemma, Russia can use the yuan for international procurement and **, thus bypassing the shackles of US imperialist sanctions. This change in settlement method has brought unprecedented convenience to Russia, and at the same time further strengthened the cooperative relationship between China and Russia in the field of economy and trade.
At present, the volume of China and Russia continues to increase, and it is expected that by 2023, the amount of China and Russia will exceed 200 billion US dollars, most of which are purchased by Russia from major eastern countries. Of course, if there is no yuan, Russia can also exchange gas and oil for exchange, and such a flexible way has brought huge benefits to Russia.
However, the situation is different between the large countries of South Asia and the large countries of the East. Due to the relatively weak position of the rupee in the international market, Russia could not get a large amount of yuan through ** with the South Asian powers. Russia exports oil and gas at low prices to South Asian powers, but because of the limited goods produced by South Asian powers, South Asian powers can only act as second-hand dealers and make huge profits by reselling.
However, this ** model has led to the fact that Russia receives a large amount of rupees, while the quality of goods produced in South Asian countries such as India does not meet Russia's needs. There have been reports that Europeans have even found that Indian-made Mackistanos have problems with E. coli bacteria, which makes it impossible for Russia to buy high-quality products through rupees.
Faced with this situation, Russia began to seek cooperation with other countries in order to diversify the risk of the rupee. Russia actively carries out first-class exchanges with China, India and other countries, and strengthens economic and trade cooperation with Central Asia and Eastern Europe. In addition, Russia has strengthened economic and trade relations with Europe and the United States in order to increase the international influence of its currency.
At the same time, the South Asian powers are also aware of the risks of the rupee and have begun to seek cooperation with other countries. They actively explore the best exchanges with the Middle East and Southeast Asia, and strengthen economic and trade relations with Africa and Latin America. At the same time, the South Asian powers have also strengthened their economic and trade ties with Europe and the United States in order to increase the international influence of their currencies.
Over time, the number of exchanges between the South Asian powers and Russia has increased, and the scale of currency swaps between the two countries has also expanded. This will not only contribute to the economic development of the two countries, but also promote the prosperity of the entire regional economy.
However, currency swaps are not without their challenges and risks. The political and economic relations between the two countries may be affected, and fluctuations in currency exchange rates may also have a certain impact on the economies of the two countries. Therefore, in the process of promoting currency swaps, it is necessary to comprehensively consider various factors to ensure the feasibility and sustainability of the swap agreement.
To sum up, although the US imperialist sanctions are intended to weaken Russia, they have prompted it to find new partners and settlement methods. The intervention of the eastern powers has greatly facilitated Russia, while the South Asian powers have not been able to provide sufficient support to Russia due to problems with currency and product quality. In the future, we can foresee that Russia will continue to strengthen cooperation with the eastern powers and explore more flexible ways.